Expresses uncertainty on reliability over USD-denominated liquid assets
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European Central Bank (ECB) Chief Economist Philip Lane said in a speech in Ireland on Tuesday that the unusual combination of sell-off in United States (US) treasury securities and a weakening US Dollar (USD) has made more difficult for Euro area banks to rely on their USD-denominated liquid assets. Additional Comments Significant differences across different types of banks, firms and households, across different sectors and across countries. Monetary policy transmission is progressing smoothly. EUR/USD price action During the press time, the EUR/USD pair trades marginally lower to near 1.1630. Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro.…
Filed under: News - @ October 21, 2025 8:28 am